This summer, for example, the UN estimated that cyber-crime was costing the ten countries in the Association of Southeast Asian Nations (ASEAN) alone between $120 million and $200 million a year – a sum that is taking its toll not just on the bottom
Considering that almost 50% of Ultra High Net Worth family wealth is being managed through Family Offices, it is critical that adequate measures are put in place to defend these firms from the growing threat of increasingly sophisticated cyber-attacks.
Generali, as a global insurer, intends to be at the forefront of identifying and mitigating this type of emerging risk, offering innovative and relevant solutions for our customers.
We all know and appreciate that these organisations are helping to reduce spam, but what recourse does a legitimate online organisation have when these companies declare you guilty even though no crime has been committed?
The frequency and sophistication of attacks is continuing to rise and recent high-profile incidents have only served to underline this, demonstrating the potentially catastrophic impact that a breach can have on a law firm.
The Financial Conduct Authority (FCA) has fined Tesco Personal Finance plc (Tesco Bank) £16,400,000 for failing to exercise due skill, care and diligence in protecting its personal current account holders against a cyber attack. The cyber attack too